Tag Archives: Itai Pazner

888 enters new leadership era as Per Widerström CEO tenure begins

Per Widerström, 888 CEO

Per Widerström has taken full leadership of 888 Holdings, having first been announced as the incoming CEO of the multi-brand international betting group in July. Leadership responsibilities were being temporarily filled by Lord Mendelsohn, who has now returned to his post as Non-Executive Chair after serving as Executive Chair since January, having taken up the role following the departure of …

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GVC duo returns to boost 888’s value and prospects

SBC News GVC duo returns to boost 888's value and prospects

Kenneth Alexander and Lee Feldman, the former leadership duo of GVC Holdings have launched investment vehicle FS Gaming, acquiring a 6.5% stake in embattled 888 Holdings  FS Gaming is reported to be comprised of seasoned igaming investors who believe that 888’s is ‘significantly undervalued’ and will help the LSE gambling group overcome its hurdles since acquiring William Hill’s UK and …

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Lord Mendelsohn leads dicey search for new 888’s new CEO  

SBC News Lord Mendelsohn leads dicey search for new 888’s new CEO  

The Board of 888 Holdings has agreed to maintain Yariv Dafna as Chief Financial Officer (CFO), who will no longer depart the company on 31 March, 2023. The decision was disclosed to the London Stock Exchange (LSE), further to this morning’s announcement that CEO Itai Pazner had resigned from all executive duties. Shares have plummeted by approximately 20% in the …

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Mendelsohn steps up to 888 leadership as Itai Pazner departs

888 Holdings

888 Holdings has announced its most significant directorate change since the William Hill acquisition, seeing CEO Itai Pazner vacate his leadership position. The firm explained in an update this morning that Pazner, who has served as CEO since January 2019, will also step down as an Executive DIrector of the FTSE100 gambling group. As the company initiates a search for a …

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888’s 2023 outlook ‘unchanged’ despite 3% year-end revenue drop to £1.85m

888

The high costs of the William Hill acquisition continued to drag 888 Holdings trading performance into the latter stages of 2022, as the company declared a year-end revenue of £1.85bn. Now including Hill’s 1,414 suite of UK high street betting shops in its post-close trading report, the group detailed a slowdown in both online and retail revenues across the year, …

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Anna Barsby to play ‘pivotal role’ in 888’s post-Hills transformation as CPTO

Anna Barsby, CPTO 888

888 Holdings has made its latest appointment following the takeover of William Hill, naming Anna Barsby as Chief Product and Technology Officer (CPTO). The new hire will focus on the integration of the 888 and William Hill businesses, in particular driving an improved customer experience and striving to achieve the upgraded synergies set out by the firm last week.  Announced …

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888 chips away at debt via marketing of €200m secured notes

888 debt reduction

888 Holdings has announced a new tactic in its debt redt reduction strategy by using its 888 Acquisitions Limited subsidiary. The international gambling group intends to market €200m in senior secured notes, consisting of Senior Secured Fixed Rate Notes due 2027 and euro-denominated Senior Secured Floating Rate Notes due 2028. Functioning as an offering exempt from the registration requirements of …

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888 sets 2025 financial targets projecting £2bn revenue

888 financial targets

Acknowledging several new opportunities and challenges following the enlargement of its operations this year, 888 Holdings has published updated targets at its Capital Markets Day.. Having acquired William Hill’s non-US assets from Caesars Entertainment for £2.2bn in July, the company has noted emerging operating challenges, increased levels of debt exposing it to the impact of higher interest rates, and moderation of …

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888 burnt by costly summer as group enters new debt arrangements to soothe 2022 targets

888

888 Holdings maintains a confident year-end outlook as its enlarged business continues to adjust to enhanced UK online player safety measures and its temporary withdrawal in the Netherlands Publishing its Q3 trading update, 888 registered group revenues of £449m, down 7% on comparative Q3 2021 results of £484m. The group’s enlarged online portfolio of 888, William Hill UK and William …

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888Africa makes first play in East Africa  

888 Holdings

888 Holdings has announced the launch of its strategic joint-venture 888Africa, which has secured local licences for the markets of Kenya, Tanzania, Mozambique and Zambia.  In March, the FTSE250 gambling group announced that it would back the launch of 888Africa – a dedicated African markets venture led by former PokerStars CMO Christopher Coyne. Launching the venture within East African markets, …

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